IGUAKO Capital is a work of institutional fiction by the Iguako Institute for Applied Unreality. No financial services are offered, no accounts exist and nothing here is an offer, a contract or advice.About this work
George Town · 36 cities · English Domiciles Documents Iguako Network Site Index
Capital
Enquiries

Counterparty · Correspondent bank

Moreton Bay Banking Corporation

Moreton Bay Banking Corporation has been the Australian dollar correspondent for the Brisbane founding office since 2019. It holds the operating accounts of the Australian entities and of the agri-science, animal-health and aquaculture companies the founders had backed before the group was formed. Moreton Bay settles the domestic payments of the Australian portfolio companies and provides an AUD 25 million working-capital facility.

Type
Correspondent bank
City
Brisbane
Region
Oceania
Relationship since
2019

The relationship

The Brisbane relationship is the longest in the network and the one through which the original rare-markets proceeds were first moved offshore. Moreton Bay handles Australian dollar conversions, documents each outbound remittance and provides the bank guarantees that Queensland agricultural leases require. Its agribusiness credit team reviews the covenant reporting of every Australian portfolio company each quarter.

Services to IGUAKO and its clients

  • Australian dollar operating accounts and conversion
  • Working-capital facility for Australian portfolio companies
  • Bank guarantees for agricultural leases
  • Quarterly covenant reporting review

Also in the region

Oceania.